jeffreysak
Returning Member

Retirement tax questions

OK that makes sense.  My thought was that by filing Form 5329 with my 2017 Form 1040 that I was reporting that tax was due on the $5,500 shortfall of the 2017 RMD.  But that's not what happened as Form 5329 is only used to request a waiver of the penalty and did not include the $5,500 in taxable income.  Is my understanding correct?